The Ministry of Social Justice & Empowerment announced on 12 October 2026 that the National Scheduled Castes Finance and Development Corporation (NSFDC) provides financial assistance through its Term Loan Scheme. This scheme helps eligible beneficiaries start income-generating activities to achieve economic self-reliance and move away from seasonal labour. The release does not say when the scheme takes effect, but highlights a case where a beneficiary used a ₹3 lakh loan to purchase an auto-rickshaw, increasing his family's annual income from ₹70,000-₹80,000 to approximately ₹2.25 lakh.
Key points
- Provides financial assistance for income-generating activities
- Example beneficiary received ₹3 lakh to start an auto-rickshaw business
- Aims to reduce dependence on seasonal agricultural work
- Targeted at eligible beneficiaries to promote economic independence
When it applies
The document does not state when it takes effect.
Who it affects
- eligible beneficiaries